Tony Elumelu is a renowned Nigerian investor, banker, economist, and philanthropist. He gained prominence in the Nigerian corporate sector after leading one of the largest mergers in the banking sector in Sub-Saharan Africa in 2005 when he acquired United Bank of Africa. He is also one of the wealthiest people in Africa, having invested in different sectors. What is Tony Elumelu’s net worth?
Tony Elumelu began his career as a salesman and did not think of becoming one of the richest in Africa. However, his fortune changed for the better when he joined the banking sector and later became a successful businessman. Having acquired wealth and fame, many people have been interested in knowing Tony Elumelu’s net worth.
TABLE OF CONTENTS
- Profile Summary
- Tony Elumelu’s Net Worth
- Tony Elumelu’s Background
- Tony Elumelu’s Career
- Is Tony Elumelu Married, and Who is His Wife?
- Tony Elumelu’s Children
- Fast Facts About Tony Elumelu
Profile Summary
| Full Name | Anthony Onyemaechi Elumelu |
|---|---|
| Gender | Male |
| Date of Birth | 22 March 1963 |
| Age | 61 years old (as of 2024) |
| Zodiac Sign | Aries |
| Place of Birth | Jos, Plateau State, Nigeria |
| Current Residence | Ikoyi Island, Lagos, Nigeria |
| Nationality | Nigerian |
| Ethnicity | African |
| Religion | Christianity |
| Sexuality | Straight |
| Hair Colour | Black |
| Eye Colour | Dark Brown |
| Mother | Suzanne Elumelu |
| Father | Dominic Elumelu |
| Siblings | 4 |
| Marital Status | Married |
| Partner | Awele Vivian Elumelu |
| Children | 7 |
| College | Ambrose Alli University, University of Lagos, Harvard Business School |
| Profession | Economist, Banker, Philanthropist, Entrepreneur |
| Net Worth | $700 million |
| @tonyoelumelu | |
| @tonyelumelu | |
| X (Twitter) | @TonyOElumelu |
Tony Elumelu’s Net Worth
According to multiple sources, including Forbes, the Nigerian entrepreneur and investor’s net worth is $700 million. He has invested in multiple international companies, including Transcorp, and has interests in hospitality, agriculture, oil production, and power generation.
Tony has been in the banking sector for a long time and has excelled in managing banks like Standard Trust Bank and United Bank for Africa. The tycoon also has a controlling interest in Heirs Holding.
Tony Elumelu’s House
According to Per Second News, the Nigerian businessman owns a luxury property in Ikoyi Island, Lagos. While the value of the beautiful mansion is unknown, it is a popular place as he has hosted several prominent people in it, including singer Davido and Nigeria’s President Bola Ahmed Tinubu. Notable features of the house are a spacious library, playground, swimming pool, and a huge white lion statue.
Does Tony Elumelu Own a Private Jet?
In 2015, the former banker reportedly acquired a private jet, a Dassault Falcon 7X. It is one of Nigeria's most expensive private jets, estimated at $57.3 million. Apart from the jet, the entrepreneur owns a fleet of high-end cars, including a Range Rover Vogue and a Benz S-class. His other pricey possessions are his contemporary African art collections, usually displayed at his office and house.
Tony Elumelu’s Background
According to Tony Elumelu’s biography, the entrepreneur was born Anthony Onyemaechi Elumelu on 22 March 1963 in Jos, Plateau State, Nigeria, to Suzanne and Dominic Elumelu. He is one of the couple’s five children, and his most popular sibling is Ndudi Godwin Elumelu, a Nigerian politician who is the Minority leader of the House of Representatives. His other siblings are Peter, Loretta, and Agatha.
What is Tony Elumelu’s tribe? He is believed to be from the Urhobos, the most dominant tribe in Delta State. Although he was born in Plateau State, he is from Delta State, where his parents originate.
Tony obtained a bachelor of science in economics from Bendel State University, which is now Ambrose Alli University. He later joined the University of Lagos and obtained a master’s degree in economics. Tony also studied an advanced management program at Harvard Business School.
Tony Elumelu’s Career
Tony Elumelu began his career as a copier salesman and later joined the banking sector as a junior analyst at Allstates Trust Bank. After showing exemplary ability and leadership, he became the bank’s branch manager within a year. Alongside other Nigerian entrepreneurs, they took over Crystal Bank, which was struggling, and turned it into one of the best banks, eventually merging with the United Bank for Africa (UBA).
In 2005, he became the Group Managing Director of the United Bank for Africa (UBA). Tony excelled in establishing the bank’s subsidiaries in approximately 20 African countries, the US and the UK. He quit the position in 2010.
According to his LinkedIn profile, the former banker shifted his focus to philanthropy and established the Tony Elumelu Foundation. The foundation promotes and celebrates excellence in business leadership and entrepreneurship across Africa.
Is Tony Elumelu Married, and Who is His Wife?
Investor Tony Elumelu is married. He exchanged marriage vows with his wife, Dr. Awele Vivian Elumelu, in 1993. His wife is a medical doctor specialising in medicine, surgery, paediatrics, obstetrics, gynaecology and emergency medicine. She is
